Singapore Morning News For October 11

Singapore Morning News For October 11
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Singapore morning newsSugar tax in Singapore – too bitter a pill to swallow?
The sugar tax was mentioned in Prime Minister Lee Hsien Loong’s National Day Rally as a solution that has been considered and implemented in other countries to reduce the intake of dietary sugar. He stated that over-consumption of sugar is correlated with an increased risk of diabetes, a major health issue in Singapore.
The Straits Times (paywall)

Over 200 firms, individuals honoured for boosting workplace health
When he was a young doctor, Professor Chia Kee Seng met a father and son who suffered from breathlessness. Both worked in a factory producing tombstones.
The Straits Times (paywall)

S’pore should ‘move with more urgency towards gracious society’
The push for a more a gracious society should take on greater urgency in order for Singapore to thrive in the decades ahead, said former head of the civil service Lim Siong Guan on Tuesday (Oct 10).
Today Online 

PM Lee, President Trump to reaffirm ties in White House meeting on Oct 23
United States President Donald Trump and Prime Minister Lee Hsien Loong will discuss ways to further strengthen the economic, political, security, and people-to-people ties between the two counties when they meet in the White House on October 23.
Today Online 

Behind the Belief: A Buddhist firewalker in Singapore
Firewalking, an act of penance or thanksgiving, is a ritual typically associated with the Hindu faith. Held 10 days before Deepavali, or the Festival of Lights, it sees devotees walking barefoot across a bed of four to five layers of burnt wood or coal.
Yahoo News

Singapore’s Oil-Dependent Industries Are Still Under Pressure
The price of crude may have stabilized, but the same can’t be said for the industries in Singapore whose fortunes depend on oil.

SGX gives brokers more flexibility
IN A bid to boost the beleaguered stockbroking industry, the Singapore Exchange (SGX) wants to loosen some rules around customer account opening, working outside the office, and on minimum security deposits.
The Business Times 

StanChart says it reviewed transfer of US$1.4b funds, ‘proactively’ notified authorities
STANDARD Chartered Bank (StanChart) conducted a full account review of trust structures at the centre of a transfer of US$1.4 billion of funds and had proactively made a report to the relevant authorities, the lender said on Tuesday.
The Business Times 

What gold? Exchange in Singapore allows trading of diamonds
When it comes to havens, investors usually think of gold or Treasuries. Now an exchange in Singapore is starting to trade a credit card-sized package of diamonds for those seeking a shelter from global risks.
Today Online 

Defunct Singapore ship fuel trader Universal Energy faces millions in claims
Shipping fuel suppliers are filing millions of dollars in claims over unpaid marine fuel bills against now defunct Singapore-based peer Universal Energy, formerly one of the city state’s largest bunker suppliers but which has now entered liquidation.

EXCLUSIVE – How ISACA is helping Singapore bridge the cybersecurity skills gap
On September 19, during the Singapore International Cyber Week (SICW) 2017, the Cyber Security Agency of Singapore (CSA) signed a Memorandum of Understanding (MoU) with ISACA to facilitate collaboration on cybersecurity capability and workforce development.
Open Gov Asia 

New retail knowledge-sharing hub to give businesses a boost
The Retail Centre of Excellence (RCoE) at the SMU Lee Kong Chian School of Business on Stamford Road is touted as the first insight-sharing hub in Singapore that generates such knowledge for retailers in Asia.
Channel NewsAsia (video)

New scheme to help companies bring in foreign trainers to increase expertise
The Ministry of Manpower has piloted a new scheme which will make it easier for local companies to tap on foreign trainers from overseas to help fill skills gaps.
Channel NewsAsia (video)

Singapore finance professionals not equipped for the future: poll
EIGHT in 10 Singapore-based finance leaders are not equipped with the skills to meet the requirements of their jobs in the next decade, while six in 10 say the current curriculum offered by education and professional bodies is inadequate to help them develop future-ready skills.
The Business Times 

Latest Singapore Restructuring Shows Oil Distress Far From Over
The price of crude may have stabilized, but the same can’t be said for the industries in Singapore whose fortunes depend on oil.

Singapore: MAS to consider targeted cryptocurrency regulation as market matures
The Monetary Authority of Singapore (MAS) will consider more targeted legislation of both cryptocurrencies and token sales as activity in the sector matures in the city-state.

Singapore, Asia investors bank on US stocks in Q2 as others scale down
WHILE the rest of the world was winding down its shopping spree on Wall Street in the April-June quarter, Singapore investors, along with other major Asian investors, seemed to start picking up bargains.
The Business Times

Diesels driving on in 2018 despite new tax
DIESEL isn’t disappearing just yet and there are even some bargains to be picked up now.
The Business Times 

BT and CapitaLand team up to stage a Sunburst of joy
A CONCERT featuring some of Singapore’s emerging musical talents will be held on Oct 20 to raise funds for the Muscular Dystrophy Association of Singapore (MDAS) and the School of the Arts (Sota) student assistance fund.
The Business Times

Mediacorp takes action against ‘sexist’ employee
Local broadcaster Mediacorp is investigating allegations of “inappropriate conduct” by a staff member and two freelancers who work in the same unit as him.
The New Paper 

Beauty World Food Centre trustees ask court for the power to sell
The three trustees of the Beauty World Food Centre have gone to court asking for the power to sell the property, after a potential $17.5 million collective sale hit a snag when four stall owners opposed the move.
The New Paper 

Bling it – Singapore launches world’s first diamond bullion
SEVENTEEN months since the inception of the world’s first exchange that enables trading in diamonds as a commodity, the Singapore Diamond Investment Exchange (SDiX) is offering investors another way to bling up their portfolios.
The Business Times 

SAF delivers supplies to Rohingya refugees in Bangladesh
A Singapore Armed Forces (SAF) team yesterday airlifted the first batch of humanitarian supplies to Rohingya refugees in Bangladesh.
The New Paper 

Epicentre transactions flagged by auditor, shares fall 12%
Shares of Apple reseller Epicentre Holdings fell by 12 per cent after auditors would not sign off on the company’s financial statements.
The New Paper 

CapitaLand temporarily halts sale of two condo developments
According to property agents Channel NewsAsia spoke to, the developer started holding back sales of Marine Blue two weeks ago, while it stopped sales of Sky Habitat about a week later.
Channel NewsAsia (video)

Singapore central bank expected to keep policy unchanged in October as inflation subdued
Singapore’s central bank is expected to keep monetary policy unchanged at its semiannual review this week as inflation remains subdued, but improving economic momentum could open the way for a tightening in 2018.
The Star Online 


Feature photo Neil Howard
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).


Singapore morning news by AEC News Today is your one stop source for Singapore news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.



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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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